Stocks, Bonds and Dollar Set for Weekly Gains: Markets Wrap

Wall Street traders drove stocks higher as bond yields fell ahead of a key reading on consumer sentiment that could bring clues on the Federal Reserve’s next steps. The dollar was set for its best week since November.

Despite concerns about an overheated market, the S&P 500 is on track to notch its second straight weekly advance amid hopes that Fed rate cuts will keep powering Corporate America. That’s helped markets shrug off a void in US economic data due to the government shutdown.

Wall Street parses data.

Source: Bloomberg

Treasuries rose across the curve, with longer-dated debt outperforming and joining similar moves in ...